Healthy SSSG drives operating performance

Company
16 May 2024
5 Min read 
  • V-Mart Retail's 4QFY24 results update includes healthy SSSG and operating performance.
  •  Revenue growth in line with a 13% YoY increase.
  •  EBITDA jumped 75% YoY, supported by store additions and SSSG.
  •  The company opened nine new stores and closed 19 during the quarter.
  •  Management expects a better environment going forward, led by recovery signs and good monsoons.
  •  The stock has seen a healthy recovery from its recent lows.
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